📐 Tools · Options

Options Risk : Reward

Set your contract, strike, and premium — breakeven, max loss/gain, and payoff calculate automatically. Not investment advice.

Strategy

Underlying Price

Strike Price

Premium (per share)

Stock Cost Basis

Contracts

Days to Expiration

Implied Volatility (IV %)

Target Price at Expiration (optional)

Breakeven

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Max Loss

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Max Gain

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R:R

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Total Premium

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Payoff at Expiration

Current price Breakeven Target

Delta

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Theta / day

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IV Used

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DTE

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Greeks are a Black-Scholes estimate (5% risk-free rate assumed) based on the IV and DTE you enter — not live market data. Enter IV and DTE above to populate.

Contract Position Sizing

Auto-reads max loss & capital — enter your max risk below

Max loss / contract

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Capital required / contract

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Max risk per trade

Enter strategy inputs on the left — then set your max risk

⚠️ For educational use only. Not financial advice. Options involve risk and are not suitable for all investors. Greeks shown are theoretical estimates, not live quotes. Always manage your risk responsibly.